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Tax adviser faces £8m claims over film scheme

by Daniel Grote on Nov 26, 2012 at 07:18

Tax adviser faces £8m claims over film scheme

Tax adviser Ward Consultancy is facing claims of £8 million from clients advised to invest in film schemes run by Future Capital Partners and failed property ventures, according to the Mail on Sunday.

According to the paper, 24 investors are seeking redress from the Reading-based firm. One of the schemes, Eclipse Film Partnership 35, also attracted investment from Manchester United manager Alex Ferguson and former England manager Sven Goran Eriksson,although it is not known if they are taking action.

A tax tribunal ruled earlier this year that investors weren't entitled to tax reliefs the scheme had been intended to provide.

The paper said that investors, advised by claims management firm Rebus, have been rushing to bring claims against the firm, as it has gone into administration.

Chris Ward, who founded and ran the company, declined to comment to the Mail on Sunday.

6 comments so far. Why not have your say?

One is afraid

Nov 26, 2012 at 08:25

Surely they could make a film about this to generate some revenue

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Gary via mobile

Nov 26, 2012 at 09:05

My father always said there was no such thing as a free lunch.

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Sascha K

Nov 26, 2012 at 09:52

@One is afraid: Great idea. Would you like to invest in it? Under our tax arrangement you can invest via our special purpose vehicle in the Faroe Islands and claim twice what you invested back in tax. It's all completely legit and approved by HMRC*.

*or to be pedantic, it isn't not approved by HMRC**

**we went up to an HMRC official and muttered "theguywhoapprovesourdodgytaxscheme says what?" and he went "what?"

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Alan Mellor

Nov 26, 2012 at 10:12

Ward Consultancy's website lacks lots of things.

There is loads of detail about Tax avoidance, UCIS and how advanced and clever they are, nothing on how they are regulated their FSA number or other disclosure information, strange that!

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Nov 26, 2012 at 11:14

No Gary, Write a book about it first, then sell the film rights

Add a bit of totty, some wizardry, ("117% unit allocation, 'guaranteed' return of capital and 10%p.a. tax-free income) 'cos its all offshore in this wonderful tax-haven called 'Nigeria", and ...........

"A fool and his money..........

......get invited everywhere"

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Nov 26, 2012 at 11:35

@Gary- Did he operate an offset against pocket money?

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